Business, 14.12.2019 01:31 Deadpool9609
Prepare the issuer’s journal entry for each of the following separate transactions.
a. on march 1, atlantic co. issues 42,500 shares of $4 par value common stock for $297,500 cash.
b. on april 1, op co. issues no-par value common stock for $70,000 cash.
c. on april 6, mpg issues 2,000 shares of $25 par value common stock for $45,000 of inventory, $145,000 of machinery, and acceptance of a $94,000 note payable.
Answers: 2
Business, 22.06.2019 20:00, hunter3978
Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?
Answers: 2
Business, 23.06.2019 01:00, shelovejaylocs
Why does the downward-sloping production possibilities curve imply that factors of production are scarce?
Answers: 1
Prepare the issuer’s journal entry for each of the following separate transactions.
a....
a....
Mathematics, 31.03.2020 22:45
Mathematics, 31.03.2020 22:45
English, 31.03.2020 22:45